MIRA INFORM REPORT
|
Report No. : |
354820 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AQUARIUS TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
83/1, Sajawat Sarang Society Sahakar Nagar, Pune – 411009, Maharashtra
|
|
Mobile No.: |
91-9822026355 (Mr. Vinayak H.) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
20.12.1991 |
|
|
|
|
Com. Reg. No.: |
11-064585 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.650 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1991PTC064585 |
|
|
|
|
IEC No.: |
3191002847 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2868F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Construction Machinery.
(Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1991 having
satisfactory track. Available financial indicates sound financial risk profile marked by
satisfactory net worth base along with comfortable liquidity position and
fair profit margin of the company. The rating also takes into consideration company’s long track record
and favorable gap between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payments terms
are reported as usually correct and as per commitment. In view of long track record and acceptable financial base, the
company can be considered normal for business dealings at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Vinayak Hardikar |
|
Designation : |
Director |
|
Contact No.: |
91-9822026355 |
|
Date : |
14.12.2015 |
LOCATIONS
|
Registered Office : |
83/1, Sajawat Sarang Society Sahakar Nagar, Pune – 411009,
Maharashtra, India |
|
Tel. No.: |
91-20-24222087 |
|
Mobile No.: |
91-9822026355 (Mr. Vinayak H.) |
|
Fax No.: |
91-20-24227831 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
W-83, Additional MIDC, Kodoli Village Satara – 415004, Maharashtra, India |
|
Area : |
2200 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
W-78, Additional MIDC, Kodoli Village Satara – 415004, Maharashtra, India |
|
Area : |
2200 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Branch office : |
Ground Floor. Property No.37 Lehna Singh Market Malka Ganj Chowk Delhi - 110007 |
|
Location : |
Rented |
|
|
|
|
Service Centre : |
S. No. 46/1+2, Ground Floor, Shop No. 5 and 6, parvati, Pune – 411009,
Maharashtra, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Deepak Jagmohandas Mehta |
|
Designation : |
Director |
|
Address : |
Shreya, Behind Ajit Apartment, HKM Road, Model Colony, Pune - 411016, Maharashtra, India |
|
Date of Appointment : |
20.12.1991 |
|
DIN No.: |
00070644 |
|
|
|
|
Name : |
Mr. Vinayak Shriram Hardikar |
|
Designation : |
Director |
|
Address : |
Ashish, 1013/13, Swastik Society, Model Colony, Pune - 411016, Maharashtra, India |
|
Date of Appointment : |
20.12.1991 |
|
DIN No.: |
00070542 |
|
|
|
|
Name : |
Mr. Manik Ravindra Godbole |
|
Designation : |
Additional Director |
|
Address : |
83/1 Plot No. 14 Parvati Sarang Society, Sanjvat, Pune - 411009, Maharashtra, India |
|
Date of Appointment : |
01.02.2015 |
|
DIN No.: |
06997425 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Milind S. Bhadbade |
22000 |
13.33 |
|
Vinayak Hardikar S. |
22000 |
13.33 |
|
Deepak Mehta J. |
22000 |
13.33 |
|
Bhakti D. Mehta |
11000 |
6.67 |
|
Bhadbade M N |
11000 |
6.67 |
|
Godbole V Ravindra |
22000 |
13.33 |
|
Godbole R. M. |
11000 |
6.67 |
|
Milind M. Hanumante |
22000 |
13.33 |
|
Neeta M. Hanumante |
11000 |
6.67 |
|
Hardikar V. R. |
11000 |
6.67 |
|
Total |
165000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
60.00 |
|
Other |
40.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Construction Machinery.
(Registered activity and also Confirmed by management) |
|
|
|
|
Products : |
Construction Machinery |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
USA |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sharad Shah and Company Chartered Accountants |
|
Address : |
Gokul Nagar, ‘B’, 1184/4, Fergusson College Road, Shivraj Nagar, Pune
- 411005, Maharashtra, India |
|
Tel. No.: |
91-20-25535405 / 25535426 / 25535998 / 25536624 |
|
E-Mail : |
|
|
Website ; |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACCA2868F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Harshal Engineers |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Million |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
Total |
|
Rs.2.500 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
165000 |
Equity Shares |
Rs.10/- each |
Rs.1.650
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.650 |
1.650 |
1.651 |
|
(b) Reserves & Surplus |
29.296 |
27.735 |
36.760 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
30.946 |
29.385 |
38.411 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.474 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.474 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.067 |
16.200 |
10.824 |
|
(b) Trade payables |
5.216 |
7.310 |
4.193 |
|
(c) Other current liabilities |
10.739 |
1.387 |
2.052 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
30.022 |
24.897 |
17.069 |
|
|
|
|
|
|
TOTAL |
60.968 |
54.282 |
55.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.858 |
6.285 |
6.514 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
3.085 |
0.093 |
0.058 |
|
(d) Long-term Loan and Advances |
0.123 |
0.121 |
0.114 |
|
(e) Other Non-current assets |
0.102 |
0.102 |
0.165 |
|
Total
Non-Current Assets |
8.168 |
6.601 |
6.851 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.615 |
20.924 |
16.292 |
|
(c) Trade receivables |
7.955 |
9.227 |
12.159 |
|
(d) Cash and cash equivalents |
11.515 |
10.967 |
14.077 |
|
(e) Short-term loans and
advances |
8.012 |
4.487 |
4.114 |
|
(f) Other current assets |
1.703 |
2.076 |
2.461 |
|
Total
Current Assets |
52.800 |
47.681 |
49.103 |
|
|
|
|
|
|
TOTAL |
60.968 |
54.282 |
55.954 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
57.886 |
40.480 |
|
|
|
Other Income |
3.060 |
5.065 |
|
|
|
TOTAL
(A) |
60.946 |
45.545 |
691.425 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
31.175 |
23.137 |
|
|
|
Employees benefits expense |
14.690 |
12.967 |
|
|
|
Other expenses |
13.373 |
15.844 |
|
|
|
TOTAL
(B) |
59.238 |
51.948 |
655.993 (Including
depreciation and finance) |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1.708 |
(6.403) |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.571 |
1.455 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.137 |
(7.858) |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.568 |
1.202 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(1.431) |
(9.060) |
35.432 |
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.992) |
(0.035) |
5.792 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1.561 |
(9.025) |
29.640 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.023 |
4.854 |
NA |
|
|
TOTAL
EARNINGS |
0.023 |
4.854 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores parts |
10.642 |
8.817 |
NA |
|
|
TOTAL
IMPORTS |
10.642 |
8.817 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.46 |
(54.69) |
-- |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.70 |
(22.29) |
4.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.95 |
(15.82) |
5.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.47) |
(16.72) |
63.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05) |
(0.31) |
0.92 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.55 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
1.92 |
2.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1.651 |
1.650 |
1.650 |
|
Reserves & Surplus |
36.760 |
27.735 |
29.296 |
|
Net
worth |
38.411 |
29.385 |
30.946 |
|
|
|
|
|
|
long-term borrowings |
0.474 |
0.000 |
0.000 |
|
Short term borrowings |
10.824 |
16.200 |
14.067 |
|
Total
borrowings |
11.298 |
16.200 |
14.067 |
|
Debt/Equity
ratio |
0.294 |
0.551 |
0.455 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
691.425 |
45.545 |
60.946 |
|
|
|
(93.413) |
33.815 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
691.425 |
45.545 |
60.946 |
|
Profit / (Loss) |
29.640 |
(9.025) |
1.561 |
|
|
4.29% |
(19.82%) |
2.56% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80018452 |
17/06/2013 * |
17,000,000.00 |
BANK OF INDIA |
P. B. NO.56 8A DR. KOYAJI ROAD, PUNE, Maharashtra |
B79227831 |
|
2 |
90084536 |
27/05/2004 * |
1,000,000.00 |
BANK OF INDIA |
PUNE MAIN BRANCH, 8 A; DR. COYA ROAD, PUNE, Maharashtra - 411001,
INDIA |
- |
|
3 |
90084040 |
25/11/2006 * |
3,000,000.00 |
BANK OF INDIA |
P. B. NO.56, 8A, DR. KOYAJI ROAD,, PUNE, Maharashtra - 411001, INDIA |
- |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.84 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.73.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.